Going Concern (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 29, 2017 |
Nov. 30, 2018 |
Nov. 30, 2017 |
Aug. 31, 2018 |
Aug. 31, 2017 |
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Cash | $ 227,454 | $ 2,822,325 | $ 1,649,783 | $ 5,896,705 | ||
Working capital deficit | (12,900,000) | |||||
Accumulated deficit | (27,976,892) | $ (25,976,706) | ||||
Proceeds from initial public offering, net of costs | ||||||
Net cash used in operating activities | (1,589,070) | $ (3,096,975) | ||||
Quarterly payment from operations | 1,200,000 | |||||
Monthly payment from operations | 400,000 | |||||
Additional expenses billings gross | $ 85,900,000 | |||||
IPO [Member] | ||||||
Proceeds from initial public offering | $ 12,000,000 | |||||
Proceeds from initial public offering, net of costs | $ 10,900,000 | |||||
Private Placement [Member] | 8% senior secured convertible notes [Member] | ||||||
Proceeds from initial public offering | $ 9,000,000 | |||||
Proceeds from initial public offering, net of costs | $ 8,400,000 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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